ANX – high risk penny that sometimes offers good scalp opportunities thanks to the volume spikes we see on breakout days. ANX is currently holding trendline, but needs a bounce over .315 to get me interested. This is a true scalp and I’ll be watching the 3 minute ticker for entry points and volume. .31 – .37 would be a great intraday scalp. Not interested at all under trendline.
TSFG – has created a pennant on average volume lately, but what really impresses me here is the MACD looking to rotate to the positive and a rounded Full Sto tapping on 20. RSI14 isn’t very impressive, but I have a play here – Scalp only on move out of this triangle. Would love a smash move to .50. Again, I don’t marry speculative plays and will not hold on a breakout without volume that immediately pulls back.
PLUG – ugly chart – let’s make sure I’m clear here – this stock is still in a very bearish trend, but we’re looking at a positive MACD and numerous other indicators supporting a reversal here. If I participate, I’ll take a small position (not enough volume traded here) on a move through MA20. Target .65. Again, scalp only for me on PLUG on move with volume – in and out.
GNBT – Crazy volatility. Just look at the daily. The swings are out of control – translation – scalps and day traders own this bad boy. The chart today shows a failed move through MA100, but MACD/Full Sto/RSI really trying to pull this on out. I would really like to see GNBT move above MA50 and MA100 before I take interest. Also lacking volume. My focused trade here – entry over .60, stop at bottom trendline (.575) with .65 target.
VLNC – Looking to get back in the channel above .85 on MACD crossover and Full Sto rounding bottom
MPG – Interesting chart pattern here – a not-so-sexy descending triangle with another ascending trendline offering support here. More importantly, the 2 week consolidation has me interested.. notice the improving volume. A couple other attractive indicators – positive MACD cross setting up with nice rounding bottom Full Sto. This could setup nicely for swing over 1.6 or short term scalp. I’m NOT interested in holding under 1.40 – at all.
PMI – I really like this chart – narrowing bollinger bands on strong Full Sto and positive MACD. Volume is good (could be better). I’m long over 2.50 with buy interest.